Vattenfall AB Vattenfall - Year-End Report 2017 (1536E)
07 February 2018 - 6:51PM
UK Regulatory
TIDM96DV
RNS Number : 1536E
Vattenfall AB
07 February 2018
Vattenfall - Year-End Report 2017
Financial highlights Q4, October-December 2017
-- Net sales increased by 2% to SEK 38,456 million (37,796)
-- Underlying operating profit increased to SEK 7,311 million
(7,095)
-- Operating profit of SEK 6,018 million (-2,841)
-- Profit for the period of SEK 2,881 million (-3,960)
Financial highlights Full Year, January-December 2017
-- Net sales decreased by 3% to SEK 135,295 million
(139,208)
-- Underlying operating profit increased to SEK 23,323 million
(21,697)
-- Operating profit of SEK 18,644 million (1,337)
-- Profit for the year of SEK 9,571 million (-2,171)
-- The Board proposes a dividend of SEK 2,000 million,
corresponding to 24% of profit for the year attributable to owner
of the Parent Company
Business highlights, January-December 2017
-- Increased customer base with over 360,000 contracts and
expansion of decentralised solutions
-- Full commissioning of the Sandbank offshore wind farm and the
Pen y Cymoedd onshore wind farm
-- Phase-out of coal-fired power generation to natural gas in
Berlin
-- Progress in partnerships for reduced carbon footprint, e.g.
HYBRIT - for fossil-free steel production
-- Strong production across Nordic hydro and nuclear fleet and
investment decision for independent core cooling in reactors 3 and
4 at Ringhals
-- Continued investments for improved quality in distribution
grids
-- Expansion of charging infrastructure for electric
vehicles
-- Strengthened presence in the UK through the acquisition of
iSupplyEnergy and market entry for Distribution
The full Year-End Report and presentation slides are available
at corporate.vattenfall.com.
At 09.30 CET, today Wednesday, Vattenfall's President and CEO
Magnus Hall and CFO Anna Borg will host the press conference at
Vattenfall's head office. The press conference is broadcasted live
on corporate.vattenfall.com . To join by telephone please dial:
Sweden: +46 (0) 8 505 100 31, UK: +44 (0) 207 107 0613
This information is such that Vattenfall is required to make
public in accordance with the EU Market Abuse Regulation and/or the
Swedish Securities Market Act. The information was submitted for
publication, by the agency of the contact persons above, at 08.00
CET on 7 February 2018. This press release has been prepared in
both Swedish and English versions. In the event of discrepancies
between the two versions, the Swedish version shall govern.
Vattenfall's Press Office, telephone: +46 (0) 8 739 50 10,
press@vattenfall.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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